If you talk to Forex traders, you will know that the majority uses technical indicators when making decisions about bidding. Does this mean that you should have a basic knowledge of the technical indicators to profit from online Forex Trading currency? Not necessarily.
Technical analysis, of course, brings many benefits, and many traders were unable to achieve success if it had not watched their favorite indicators, but you can become a successful trader without it.
You can guide the actions of fundamental analysis, for example. To use the data on the current economic situation and forecasts for the future.
Another method - the use of daily news Forex news. This method is a bit complicated, but feasible.You can guess the wave of market volatility after the announcement of news.
And if you do not want to base their trading on fundamental analysis (both short and long term), make decisions in accordance with the level of prices. In the end, it is the price indicates the processes that occur with the currency, and you can predict the direction of its motion.
Posts
No comments:
Post a Comment